Model T replica lights up at Rock Hall in Cleveland
A 2003 Model T Ford replica, one of six for Ford’s centennial, starts with two crank pulls at the Rock and Roll Hall of Fame. The exhibit is part of Ford’s Road is Ours 100th Anniversary tour visiting 15 cities, as Ford outlines future product plans and potential US Transit and Escape production.
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Cleveland
Rock and Roll Hall of Fame and Museum
Ford Motor Co
Ford
Dearborn
Mich
Rock Museum
Alex Ver
Advanced
Ver
United States
Europe
Ohio
America
Avon Lake
WestPoint Stevens files Chapter 11 bankruptcy
WestPoint Stevens Inc., a major maker of sheets and towels, filed for Chapter 11 in New York bankruptcy court. Chief executive Holcombe Green Jr. will resign. Chip Fontenot becomes interim CEO. No layoffs planned. up to 300 million in financing lined up.
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West Point
WestPoint Stevens Inc
WestPoint
Martha Stewart
Ralph Lauren
Stevens
Martex
Vellux
Disney Home
China
Central America
Burlington Industries
Malden Mills
West Point Stevens
New York
Holcombe T. Green Jr
MLL
Chip” Fontenot
Lorraine Miller
Miller
Chicago firm to buy Amex in $110 million deal
The NASD agreed to sell the American Stock Exchange for 110 million dollars to GTCR Golder Rauner LLC, a Chicago based private equity group. The deal, signed Friday, requires approval from the NASD board, Amex members, and the SEC. The Amex, known for options trading, would remain an independent entity under new ownership.
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New York
National Association of Securities Dealers
American Stock Exchange
NASD
Gtcr Golder Rauner LLC
GTCR
Amex
Salvatore Sodano
Wall Street Journal
Robert Glauber
Collin Roche
Securities and Exchange Commission
New York Stock Exchange
Manufacturing declines yet again shows slow May rebound
The ISM index for May stood at 49.4, down from 45.4 in April, signaling continued slowdown but at a slower pace. New orders rose above 50 and production improved, hinting at recovery from war-related decline and contrasting with a government report of April durable goods orders.
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New York
Institute For Supply Management
Norbert Jee
Index
ISM
U.S
Dow clears 9000 as gains fade amid profit-taking
Wall Street rallied on stronger manufacturing data with the Dow briefly above 9000 for the first time since 2002, closing up 47.55 at 8897.81 as investors lock in profits amid mixed tech results and a softer construction outlay. The Nasdaq slipped while the S&P 500 rose slightly, signaling cautious optimism about an economic rebound.
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New York
Wall Street
Dow Jones
John C. Forelli
Independence Investment LLC
Boston
Dow
Standard & Poor
Institute For Supply Man
Commerce Department
Tate
Dollar slips as Bush backing weaker than markets hoped
In New York traders sell euro as dollar wobbles after Bush reaffirmed support for a strong currency but signs of policy drift keep gains limited. ImClone and Genentech jump on trial results while AMR climbs on Goldman Sachs upgrade.
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New York
Dow Jones/ AP
Bush
U.S
Nies
ImClone
Biotech
Genentech
AMR
Goldman Sachs
American Airlines
Inine
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